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20121027
20121104
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other people worry about their own country. we have not problems in this country. >> jim, did you have anything to say? >> yes, i do have one question i can ask, it was george w. bush who wanted to do the libyan intervention, would you have supported it then? >> yes. >> okay, let's do something related to military and foreign policy and that is the issue of military spending. many on the left criticize the right for wanting to spend on the military print mitt romney has proposed that we spend $2 trillion in additional spending. lots of things, wanting to balance a budget, the annual deficit runs between one and $1.5 billion annually. i will start with you, bill. even with obama and his foreign policy, spending keeps going up. >> some folks don't talk about this in a great way. it is the kind of thing where most people -- [inaudible] you don't want to approach it strictly from a numbers basis. by the same token, throwing money at national security and problems it's not necessarily something that's going to solve the problem. >> unless you're ben bernanke. [laughter] does because it come
good that you're you have a good predecessor there. i had jim kelly who had done a lot of work to set things up. and to get through a very tough time, and the other thing is as in the state department, you're not working alone. you are working with the national security counsel staff. i have talented people, mike green here in the audience worked with him until he was replaced by dennis wild. i was i felt we were ease coned in a good team. as for the challenges, i worked in the job in the second bush administration, and basically the challenge i think is always the amount of bandwidth in washington. if you take issues for being important and being urgent, it seems that the u gent always beats out the important. so maybe dating back to a few years before when ambassador lord had the position, i think everyone understand east asia definitely important. but i was getting constantly trump bid the fact that, you know, we had a double header going in afghanistan and iraq, and quite understandably we had president who will be to be immersed in the issues. and often and one of the challenges
, a really smart guy named jim milstein who is at the treasury department, the guy was possible for the restructuring of aig is the voyeur in investment in keene restructuring kind of person and he put out a proposal, which has many common ingredients that we saw from the mortgage bankers association. here, the emphasis is on a government agency. the federal mortgage insurance association, which authorizes management regulate a series of securitate there's the issue mortgage-backed securities and again, the company are not guaranteed, just security czar. the beauty of both of these proposals is that the technology in the infrastructure and system in the human capital of the gses would not be reset, that could form the basis of one of these securitize theirs to compete in the private capital market going forward. so i believe that there has been some consensus around a proposal that is feasible would work. one was issued by somebody who had an ax to. that is the mortgage association, but milstein coming from the treasury department come up or simply his view is what is best for t
Search Results 0 to 2 of about 3